PCI Secure Software Standard 1.2 released
PCI Security Standards Council (PCI SSC) published version 1.2 of the PCI Secure Software Standard and its supporting program documentation. The PCI Secure Software Standard …
online payment
Online payment fraud is evolving
E-commerce fraud is expected to cost merchants in excess of US$48 billion globally in 2023, up from over $41 billion in 2022 according to Juniper Research. It predicted that …
Alternative payment methods are creating new fraud risks
A Juniper Research study found that the total cost of eCommerce fraud to merchants will exceed $48 billion globally in 2023, from just over $41 billion in 2022. It predicted …
62% of consumers see fraud as an inevitable risk of online shopping
59% of consumers are more concerned about becoming a victim of fraud now than they were in 2021, according to a research released by Paysafe. Consumers across North America, …
How financial institutions are improving customer experience with fraud prevention measures
Fraud is a persistent threat, and there’s no end in sight as the e-commerce landscape continues to evolve and the use of online payment platforms increases. According to one …
Contactless is reigning: Consumers can’t even remember their PIN
Marqeta has released its 2022 State of Consumer Money Movement report looking at consumer payment, banking and shopping preferences, showing digital adoption is on the rise. …
Popularity of online payment goes hand-in-hand with fraud
NICE Actimize has released a report that identifies and analyzes the leading fraud threats and patterns that impacted leading global financial institutions in 2021. Noting …
Keep your digital banking safe: Tips for consumers and banks
In this interview for Help Net Security, Reza Zaheri, CSO at Quantum Metric, talks about digital banking security and what can banks, as well as consumers, do to protect their …
Organizations must be doing something good: Payment fraud activity is declining
Results from an Association for Financial Professionals (AFP) survey are encouraging, as 71% of organizations report having been victims of payments fraud activity in 2021, …
Payment fraud attack rate across fintech ballooned 70% in 2021
Sift released a report, detailing the increasingly sophisticated — and often automated — tactics cybercriminals leverage to commit payment fraud. Derived from a global network …
Consumers demand a digital banking experience with security at its foundation
The global transformation of banking and payments has only accelerated over the past few years, and between web trends and a global pandemic, the industry has seen disruption …
Fraud detection and prevention costs merchants more than fraud itself
European merchants spent nearly €7 billion on fraud detection and prevention in 2021 alone – more than three times the value lost to fraud in the same year, CMSPI estimates. …